Sharekhan Post-Market Report dated December 28, 2007

Sharekhan's daily newsletter December 28, 2007 Index Performance Index Sensex Nifty Open 20,158.12 6,079.55 High 20,259.45 6,098.60 Low 20,022.88 6,021.90 Today's Cls 20,206.95 6,079.70 Prev Cls 20,216.72 6,081.50 Change -9.77 -1.80 % Change -0.05 -0.03   Market Indicators Top Movers (Group A) Company Price  (Rs) % chg Gainers Ramco Systems 214.10 19.98 BASF India 313.70 16.64 Orchid Chemicals 294.70 14.54 HMT 111.00 9.96 Parsvnath Developers 457.45 7.86 Losers Wipro 529.95 -3.52 Idea Cell 131.60 -2.91 Essel Propack 64.30 -2.80 HCL Infosys 272.50 -2.77 Bharti Airtel 940.70 -2.65 Market Statistics - BSE NSE Advances 2,270 897 Declines 651 291 Unchanged 32 10 Volume(Nos) 67.58cr 75.87cr  Market Commentary  Realty firm in lacklustre market Buoyancy in realty and consumer durable stocks helped Sensex to recover and end the session with a marginal ten-point loss. The market witnessed a sharp pull-back after witnessing a slump by afternoon.     The Sensex had a weak start and lost over 59 points following reports of assassination of former Pakistan Prime Minister Benazir Bhutto. Most of the Asian markets were subdued fearing terrorists attacks in Pakistan might see withdrawal of foreign money from the region. However, the benchmark Sensex index moved up by 42 points to touch the day's high of 20,259 quickly, only to lose further ground in the absence of buying interest in frontline shares on rising geo-political concerns. The Sensex shed all its gains thereafter and touched the day's low of 20,023. But, recovered on some buying interest towards the close. After recovering around 190 points from the day's low the Sensex ended the session by shedding 10 points at 20,207. The Nifty closed the session by slipping two points at 6,080. Although the market ended on a negative note, the breadth of the market was positive. Of the 2,953 stocks traded on the BSE, 2,270 stocks advanced, 651 stocks declined and 32 stocks ended unchanged. Among the sectoral indices, BSE CD Index surged by 4.15% and BSE Realty index added 3.90%, while other sectoral indices gained around 1% each. However, BSE Teck Index, BSE IT Index and BSE Auto index slipped marginally. The index heavyweights witnessed some selling. Wipro slumped 3.52% at Rs530, Bharti Airtel lost 2.65% at Rs941, Bajaj Auto shed 2.30% at Rs2,611, TCS plunged 1.83% at Rs1,080, ICICI Bank crumbled by 1.20% at Rs1,227, ONGC declined 1.13% at Rs1,227, Maruti Suzuki dropped 1.05% at Rs984, while Tata Motors, HDFC and Infosys slipped marginally. Few counters, however, managed to buck the downtrend and ended in the green. DLF rose 5.31% at Rs1,064, Tata Steel moved up by 2.76% at Rs931, Ambuja Cement added 2.75% at Rs149 and Grasim gained 1.13% at Rs3,630 and Hindlaco ended higher by 1.11% at Rs213. Over 2.18 crore Spice Jet shares changed hands on the BSE followed by IKF Technology ( 1.83 crore shares), Himachal Futuristic (1.70 crore shares), RNRL (1.48 crore shares) and G V Films (1.43 crore shares). Valuewise, RNRL registered a turnover of Rs261 crore followed by Reliance Energy (Rs218 crore), Transformers & Rectifiers India (Rs193 crore), Spice Jet (Rs179 crore) and Essar Oil (Rs171 crore). European Indices at 16:30 IST on 28-12-2007 Index Level Change (pts) Change (%) FTSE 100 6470.00 -27.80 -0.43 CAC 40 Index 5609.90 -17.58 -0.31 Dax Index 8021.54 -17.06 -0.21 Asian Indices at close on 28-12-2007 Index Level Change (pts) Change (%) Nikkie 15307.78 -256.91 -1.65 Hang Seng 27370.60 -472.33 -1.70 Kospi Composite 1897.13 -11.49 -0.60 Straits Times 3445.82 -31.38 -0.90 Jakarta Composite 2745.83 6.12 0.22